ICICI Bank MD & CEO Sandeep Bakhshi gets two-year extension from board till October 2028

ICICI Bank Ltd

. on Saturday, January 17, said its board of directors has approved the re-appointment of Sandeep Bakhshi as the managing director and CEO of the bank for another two years, with effect from October 4, 2026 to October 3, 2028.

Bakhshi was appointed as the MD and CEO of ICICI Bank in October 2018 and his term was previously extended till October 2026. He is a veteran of the ICICI Group since 1996.

One of the clearest improvements under Bakshi has been in the lender's asset quality, with both gross and net non-performing assets (NPAs) declining meaningfully from the period before his tenure to recent years.

ICICI Bank's gross NPAs have contracted from multi-year elevated levels to approximately 1.6% by the second quarter of FY26, while net NPAs have remained below 0.4%, reflecting disciplined credit risk management.

Meanwhile, the return on assets has increased from under 0.5% to over 2%, signalling stronger profitability and balance sheet utilisation.

Across these years, the lender's capital position has stayed robust and credit growth steady, underpinning the case for continuity at the executive helm.

ICICI Bank shares ended the previous session 0.4% lower at 1,413 apiece. The stock has gained 15.3% in the past year.